Silhouette
11 known investors
Silhouette offers shielded onchain trading on the Hyperliquid network, using encryption to protect traders' order flow and strategies from exploitation while accessing HyperCore's orderbook liquidity. It is a decentralized trading product in the crypto/DeFi space.
Also known as Silhouette Exchange
Founders & leadership
Investors · 11
Also in the syndicate · 4
Funding
SEC filings, press & company announcements$3M disclosed across 1 round · 2025
- $3Mpre-seedJun 2025 · 3 sources
RockawayX (lead), Amber Group, Hivemind, NGC, No Limit Holding, No Limit Holdings, Protagonist
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Silhouette operates a shielded onchain trading venue positioned as a universal block trading layer. Trades settle on Hyperliquid, spanning both HyperCore and HyperEVM, and the venue routes orders into a competitive quoting process in which quotes compete for a given order rather than resting in a fully transparent public book.
The product is presented as covering every market and instrument accessible through the Hyperliquid environment, with a web front end offering direct access to trading. The company's public site lists a team of thirteen, including co-founders Chandler De Kock and Stent Mayne (co-founder and engineer), Head of Engineering Aidan de Nobrega, a head of growth, a product owner and UX lead, an architect, a communications lead, a business development lead, and several principal, fullstack and general engineers.
Business model
Silhouette provides a trading venue and block trading layer for onchain derivatives and spot markets, with execution and settlement occurring on the Hyperliquid network across HyperCore and HyperEVM.
▸Full profile — market position, technology, go-to-market
Market position
Positions itself as a shielded, universal block trading layer where competing quotes are sourced for an order while settlement remains on Hyperliquid.
Technology
The venue is built on top of Hyperliquid, using HyperCore and HyperEVM for settlement, and operates a quote-competition mechanism in which liquidity providers compete for incoming orders rather than trades being exposed in a conventional transparent order book.
Go-to-market
Direct self-serve access through the company's web application, which links users to trading from the homepage.
Onchain traders seeking block execution across Hyperliquid markets and instruments.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
In the news
▸Research sources · 1
primary sources listed
- Silhouettesilhouette.exchange · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Silhouette do?
- Silhouette is a shielded block trading layer for onchain markets that settles on Hyperliquid.
- Who founded Silhouette?
- Silhouette was founded by Chandler, Stenton.
- Who are Silhouette's investors?
- Silhouette's investors include Hivemind Capital Partners, Protagonist, RockawayX, 6th Man Ventures, Amber Group, Hivemind Capital LLC, Polychain Capital.
- How much funding has Silhouette raised?
- Silhouette has disclosed $3M raised across 1 round.